Date:29/04/2005 URL: http://www.thehindubusinessline.com/2005/04/29/stories/2005042900890200.htm

Back AF Ferguson drafts report on export of engineering goods

Our Bureau

Hyderabad , April 28

AF Ferguson, a consulting company, has prepared a draft strategy paper for the Engineering Export Promotion Council (EEPC) on promoting exports and exploring new markets.

According to Mr Rakesh Shah, Chairman of EEPC, the consulting company predicted a great future for the export of engineering items from India. AF Ferguson was asked to identify the "trust market for Indian engineering products and select a thrust product for each trust market."

This would help the country explore new markets and double exports in the area. EEPC is studying the report and "it is on the verge of finalisation," Mr Shah said.

He said the council would surpass the target of $12.75 billion set for 2004-05. "We will be well above $13 billion."

He added that the council would organise an expo at Shanghai to showcase India's engineering goods. A separate China desk had been set up at Council's head office in Kolkata.